Major support- 97
US dollar index has broken major support 97 after a long consolidation. Yesterday index hits low of 97 and shown a minor jump till 97.35.Overall trend is weak and lost more than 120 pips in past 3 trading session. US Fed dovish comments increased hopes of rate cut. The inverted yield curve showing chances of recession in US. The index hits intraday low of 96.96 and is currently trading around 96.98.
The near term major support is around 97 and any convincing break below confirms weakness a decline till 96.42/95.95 likely.
On the higher side, major resistance is around 97.42 (55-- day EMA) and any break above will take the index to next level till 97.80/98/98.25.
It is good to sell on rallies around 97.05-10 with SL around 97.40 for the TP of 95.95.


FxWirePro: GBP/AUD drifts lower after BOE rate decision
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/USD rises as soft US data pressures dollar
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 



